Adding Penfold as a pension scheme
Go to company settings
In Pento, navigate to Settings > Company > Pensions.
Click "Set up pension"
Select Penfold (for Basic/Relief at Source) or Penfold QE (if you're using qualifying earnings).
Enter employer details
Add your Employer ID provided by Penfold (usually starts with
PENfollowed by your company number - you can find this in Penfold Platform).
Configure default contributions
Choose the Pension Type:
Salary Sacrifice (if applicable)
Relief at Source
❗️Note: Penfold uses the Relief at Source method—not Net Pay. This means contributions should be deducted after tax. Learn more here. ❗️
Enter your standard employer and employee contribution rates (e.g. 3% employer, 5% employee).
Save the scheme
Click Save changes to complete the setup.
👉 Tip: Ensure your contribution structure and earnings basis align with your Penfold plan. If you're using both Salary Sacrifice and non-Salary Sacrifice, you may need to set up separate groups in Penfold.